It's past due time to abolish Efficiency Maine Trust (EMT). This bureaucracy has existed since 2009 and has received direct payments from electric customers in the amount of $475 million dollars. Indirect amounts over $300 million dollars through the RGGI program and the Demand Response Program and many millions more from federal taxpayer funding.
EMT promised lower rates would follow their incentives and rebates. Rates have skyrocketed. EMT is an absolute failure. A waste of money.
Electric customers want relief. Abolishing EMT is a start.
Why hasn't anyone from EMT explained the Decoupling Law that allows utilities which deliver less kilowatt hours caused by EMT efficiency measures and reduced customer usage due to soaring electric bills can adjust rates higher to recover lost revenue?
Why is EMT granting big money to large corporations that can surely afford energy saving devices without electric customer money?
EMT has taxed Maine ratepayers more than 4 times the initial assessment in 2010 and now that federal money isn't coming any longer, EMT is planning to maintain their bloated budget by draining electric customers in Maine even more in the coming years.
EMT has proved itself to be a power hungry government agency and no one in Augusta, neither lawmakers nor regulators, are providing any substantial oversight.
One bill, one emergency bill is all that is needed to abolish EMT.
Abolish Efficiency Maine Trust
by Dan McKay
18 hours ago